NEW YORK, April 19, 2021 /PRNewswire/ --
The global interactive fitness market size is expected to grow by USD 4.81 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.
NEW YORK, April 19, 2021 /PRNewswire/ --
The global interactive fitness market size is expected to grow by USD 4.81 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.
The growing awareness among people about fitness and healthy lifestyle is one of the major factors propelling market growth. However, factors such as lack of awareness and market penetration in developing countries will hamper the market growth.
The rising adoption of a sedentary lifestyle is exposing people to the high risk of developing various health conditions, such as anxiety, obesity, type 2 diabetes, and osteoporosis. Moreover, an increase in the prevalence of chronic back pain and hectic work schedules have led people to undertake some form of daily exercise to remain healthy and prevent various health-related issues. The increasing awareness about the importance of a healthy lifestyle has led to a rise in the demand for various fitness activities, including interactive fitness. Interactive fitness products provide better flexibility to consumers, which, in turn, helps prevent major body injuries, aches, and pains. Additionally, promotional activities conducted by vendors and the use of social media also help in creating awareness about a healthy lifestyle through various fitness and training activities. This will significantly influence the growth of the global interactive fitness market size during the forecast period.
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Global Interactive Fitness Market: End-user Landscape
The growing concerns regarding physical health and the risk of cardiovascular and lifestyle diseases increases the use of interactive fitness in the non-residential segment, such as corporate offices, hospitality and public establishments, and gymnasiums. Market growth in this segment will be faster than the growth of the market in the residential segment.
Global Interactive Fitness Market: Geographic Landscape
North America had the largest interactive fitness market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of a well-developed health and fitness industry, the high prevalence of obesity and diabetes, and the increasing participation of people in fitness activities will significantly influence interactive fitness market growth in this region. 64% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for interactive fitness products in North America. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
What our reports offer:
Interactive Fitness Market 2020-2024: Key Highlights
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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Report: https://www.technavio.com/report/interactive-fitness-market-industry-analysis
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